Steel processor SET Enterprises invests in new Alabama location

Tuesday, 10 May 2011 02:02:24 (GMT+3)   |  
       

Warren, Michigan-based steel processor SET Enterprises, Inc. announced Monday plans to build a new steel processing and service center location in Jackson, Alabama. At full operating levels the new facility will be capable of processing 360,00 net tons (326,588 metric tons) of material to support new steel production coming on line at ThyssenKrupp Steel USA in Calvert, Alabama and other Southeast steel manufacturers.

SET will invest an estimated $12 million for the first phase of construction, which will consist of two slitting lines, including one line with the capability of processing heavy gauge material up to .500". The facility is scheduled to begin production in early 2012.

A planned second phase would double the size of the facility and increase the processing capacity and services offered.


Similar articles

Global View on HRC: Most HRC suppliers keep offers stable, mood improves further in Europe

03 May | Flats and Slab

US flat steel prices mixed as sidelined buyers return to a late-April market

03 May | Flats and Slab

Romanian flats prices stable ahead of Orthodox Easter holiday

03 May | Flats and Slab

ArcelorMittal maintains expansion plans in Brazil

03 May | Steel News

Flat steel prices in local Taiwanese market - week 18, 2024

02 May | Flats and Slab

Turkish flats spot prices stable though outlook still depressing

02 May | Flats and Slab

Turkish HRC market almost at standstill, buyers await clearer picture from China

02 May | Flats and Slab

European HRC mills cautiously positive on future sales prices, import quotes keep rising

02 May | Flats and Slab

Vietnam’s Hoa Phat raises local HRC prices amid import price hikes

02 May | Flats and Slab

Ex-India HDG prices stable but trade falls silent due to slow demand

02 May | Flats and Slab